Simon English: Podgy Pete and the age of the disposable phone
Thursday 17 May 2012
Outlook A blow to Blackberry maker Research In Motion, as if it didn't have trouble enough. Tony Verrier was yesterday banned from the City because the Financial Services Authority thinks he is "not a fit and proper person due to concerns over his honesty, integrity and reputation".
The "pied-piper" broker lured colleagues from Tullett Prebon to rival BGC, though why this ever became a court case passes understanding. Anyway, in the course of his "conspiracy" he is said to have lost or binned eight Blackberry phones in 12 months. That's careless, if good business for RIM.
The thing is, that's a rate of phone-churn increasingly normal in the trader world, albeit for different purposes. Landlines and work mobiles are now recorded, so if you want to discuss insider-trading opportunities or ways not to get caught insider trading you need another phone. And then you need to chuck it away pronto.
Podgy Pete and Dozy Dave, the stock-market traders still eluding the attention of the regulators despite their best efforts to get caught, say eight in 12 months is nothing to brag about. Podgy says he's had 12 in eight. Dozy claims to be 14 in six. Give us a tinkle later, they say, here's this week's number....
- 1 Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 The enemy within: People who hear voices in their heads are being encouraged to talk back
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Howard 'Mr Nice' Marks reveals he has inoperable cancer: 'I've had an incredible life'
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
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